The #FridayFive: Freedom, Future, Frugality
If you aren’t already on the Twitter bandwagon, it’s possible that you missed out on some great tweets from @AmericaSaves! ICYMI, we want to share with you the top five pieces that highlight important topics for savers and partners alike.
Whether they’re articles or blog posts from America Saves, its local campaigns, or its partners, we’re sharing with you the best of this week’s personal finance, savings, and financial news.
This week’s #FridayFive are:
1. Although we often hear the phrase "You don't have to do it all!" when talking about ways to tackle personal finance, I think we sometimes forget that we aren't limited to prioritizing one savings goal at a time either. There's a beautiful gray area that, when embraced, can grant us freedom to plan for our future while being aware of and taking responsibility for our present.
2. If you've ever spoken to me directly or read previous #FridayFives about the voice or status of millenials in the current economic discussion, you've probably endured my diatribe about how millenials - myself included, mind you - are being talked about or talked at more often than are being heard from. I think that infographic like this one do a great job of illustrating what we millenials value as we talk more avidly - or at least more interestedly - about debt, retirement, future planning, and financial education. However, in light of my previous statement, I can't help but find it interesting/irksome that it is framed in a way that isn't directly addressing millenials. Who else is that information for if not us? Curious...
3. There is a great debate over credit vs. debt, which positives of building good credit are overshadowed by the negatives of accumulating debt. It is discussed in terms of education financing, mortgages, credit cards, and so forth. In light of that debate, the Better Business Bureau shared a blog post last week that looked at credit card usage, specifically, and ways that it can in fact work to the consumer's benefit. While many - myself included - do not believe that earning rewards and bonuses warrants the opening of a line of credit and jeopardizing one's financial health, having accessibility to rental car insurance and identity protection for online purchases and payments can save you a fortune in the long run. Good reasons to build good credit? Perhaps!
4. Frugality doesn't mean the same thing to everyone because priorities aren't the same for everyone. There's a stigma around "being frugal" that is often attributed to a personality trait rather than saving out of necessity, looking towards the future, saving to spend, etc. In this article, Claire discusses the differences of each, the cause of the stigma in many social circles, and provides a little punch to remin
5. Coming up next week, America Saves will be joining Experian in their weekly #CreditChat to discuss Money Management Tips for Couples. Our very own Katie Bryan (@katiebissell) will be joining J.J. Montanaro (USAA Financial Planner), Carrie Smith (CarefulCents), Shannon McNay (ReadyForZero), and the Experian team to address questions, challenges, and benefits of financial coupling. If you aren't able to participate in the Twitter chat, there's also a video chat that you can watch & submit questions to through Google. Don't miss it!
Thanks for joining us for this week’s #FridayFive! We’ll see you here next week.
- Written by Tammy G. Bruzon
- Category: Blog
- Published: 03 October 2014